David Jordan Apartments - Phase I presents an excellent investment opportunity featuring 40 income-producing units: 24 two-bedroom, one-bath apartments and 16 three-bedroom, one-bath apartments, 5 buildings, 8 units each. Renovations have brought the property up to current code standards, making it mostly suitable for Section 8 participation or private-market leasing. All units are currently rented at private-market rates. Each apartment features a spacious 6'10" × 34' covered front porch and was constructed to ADA-accessible specifications. Additional amenities include a playground, paved parking and a separate management office (666 SF)for an on-site manager. This fully occupied apartment community offers immediate income with professional on-site management capabilities. Currently paying On-site Manager, $450/week On-site maintenance, $600/week
| MLS # | 4159781 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1999 |
| Days On Site | 15 |
| Listing Provided By | Powers Properties | Pam Powers |
| Bed(s) | 96 |
|---|---|
| Bath(s) | 40 Total |
| SQ Feet | 15,532 |
| Story(s) | 2 |
| Units | 40 |
| Acreage | 3.00 |
| Water Front | None |
| Cooling | Central Air, Electric |
|---|---|
| Heating | Central, Natural Gas |
| Interior Features | Ceiling Fan(s) |
| Window Features | Blinds |
| Furnished | No |
| Appliances | Gas Range, Gas Water Heater, Refrigerator |
| Exterior Features | See Remarks |
|---|---|
| Roof | Architectural Shingles |
| Security Features | None |
| Construction Materials | Brick Veneer |
| Foundation Details | Slab |
| Lot Features | City Lot, Level |
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | On Site, Parking Lot, Paved |
| Community Features | Playground |
|---|
| Utilities | Cable Available, Natural Gas Connected, Sewer Connected, Water Connected, Fiber to the House |
|---|
| Property | 7457 |
|---|
| State | MS |
|---|---|
| County | Leflore |
| City | Greenwood |
| Zip Code | 38930 |
| Area | Leflore |
| Community Name | Metes And Bounds |
| Listing VS Median (in Metes And Bounds) | |
Price: $1,000,000 low | high Med: $229,000 sqft: 15,532 low | high Med: 800 $ / sqft: $64 low | high Med: $286 On site: 15 low | high Med: 2 | |
| State | MS |
|---|---|
| County | Leflore |
| City | Greenwood |
| Zip Code | 38930 |
| Area | Leflore |
| Community Name | Metes And Bounds |
| Listing VS Median (in Metes And Bounds) | |
Price: $1,000,000 low | high Med: $229,000 sqft: 15,532 low | high Med: 800 $ / sqft: $64 low | high Med: $286 On site: 15 low | high Med: 2 | |